Yesterday price signalled lower but came back up again and overnight in Asia we saw price drop to as low as 13000 after which it has retraced somewhat. Current strong resistance is at the Weekly pivot point around 14800. Dec 24 low is at 12500. Since trend is bearish at the moment on this timeframe, as price trades below the Cloud, we may see more downside. If price breaks and closes above the Cloud, buyers may take control but Bulls would like to see the latest top taken out, and a close above the Weekly Pivot point and the 15000 level, for more upside conviction. Overall, price is moving sideways with a bearish tendency. Ultimate downside is expected to be around the D level marked here around 12150, if price continues lower. The red line marks support/resistance on intraday.
تعليق
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Price has reached target approximately around 12200. Let´s see if this level hold, maybe with a test of Daily S4 first. If it breaks down, watch out for a run at previous low, Dec 22.
تم فتح الصفقة
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تعليق
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Price came back down and has now tested the Daily S4.